The Dillon tribune., 1887-11-25
The Four Furnaces Of the Niula Co. ut
Nicholia-That Company Make.
Very Good Showing

We make an extract from a private letter
from Butte, which shows what AN intelli.
gent and observing outsider thinks of the
mining situation in Beaverhead County, as
follows:
" 1t is very strange to think that with
all the advantages Of lead, iron, lime, fire
clay and water at command that Beaver.
head County will allow the ores of South.
ern Montana to pass on to Omaha and
Denver. The fault evidently lies in the in.
activity Of her citizens. Wickes, without
a pound of tlux, is negotiating for the hand.
ling Of the lead product Of the Cnur d..
Alenes. Great Falls, with nothing but a
water-power, is making strenuous exer.
tons with the owners Of the Boston Con.
solidated, Mountain View and other com.
panies To erect their plant Il, that point
With the advance in copper, the recent de-
vslopmcnts in Montana mines, and the
successful result Of outside money in Mon.
tana Investments, to. wit:-Granite Noun.
tain, from ST. to 500 per share; Ri. Metallic,
from 81 to $50 per share; Drum Lummon,
from SIS to $40 per sha,c--ought certainly
cause a greater boom the coming year in
Montana than ever before known"
The need Of larger reduction works at
Argenta has been demonstrated by the late
successful operations of the Tuscarora Co.
in that district. On the recent incorpora.
ton OF the Tuscarora Company the Direc.
tors Of the company decided to arrange for
a larger plant and increase reducing facili.
ties, and with that object in view the com.
pany has placed fifty thousand shares of
treasury stock ON sale at the Office of Jas.
B. Leah, in Butte, which arc to be sold at
the rate Of fifty cents per share and thepro
ceeds applied to that enterprise. The com.
pany is operating with its usual energy and
is employing large number Of ,nen, and
its gross ore output will yield net mar
gins Of profit that will prove eminently
satisfactory.
The Golden Era mine is producing high
grade ore and plenty of it. One car load
Of Golden Era ore, lately shipped to Oma.
ha, Welded net profit, over all expenses,
OF $I,75o, and five car loads Of ore of like
quality are on their way to the Omaha
works. The new machinery will be placed
in position on this mine and started up in a
week, when the main incline.shaf: will be
dropped another 100 fect--which will make
the incline :6o feet deep. On the Rena
mine the new machinery is working we'll
Sinking the main shaft is goingun at a depth
Of nearly 200 feet, in soft rock, and su,np
cutting for the vein, at 200 feet deep, will
commence from the perpendicular main
shaft next week. The cross.cut will not
have to be advanced over twelve feet be.
fore it taps the ore vein. These mines are
in the front rank in the Argenta district.
One of the most promising mining prop
critics in the Argenta district is the ST. Joe
mine. In August last, Hugh Mcdonnell
bonded the st. Joe from Thos f. Tootle,
OF St. Joseph, Mo. MIR. McDonncll-who
has been the medium of investing and cx
pending $4,000 in some Of the best mines
in the district-tas sunk main shaft Oh
the St. Joe, ON the vein, 10 depth Of eighty
feet. The shaft has followed the ore vein,
which is three 10 four feet in thickness, to
that depth. Ate;gh,y feet a wcs.-!evel has
been driven on strong vein of carbonate
ore, which varies from three to tour feet
wide. In dropping the main shaft and
running the level about three car loads of
ore ha, been hoisted and dumped Oh the
tump-p pile Of the mine. This pile of car.
Donate ore. estimated a: over fifty tons,
shows an average assay value OF $50 to
the ton in silver and lead. The st. Joe,
as far as opened, presents Il very tlatte,ia :;
showing.
W. Tate Taylor, who was over from
Idaho a few days ago, said that when The
Viola Company, at Nicholia, started up
agai, that company woald run its four fur
naces to their utmos. lead bullion produc.
ing capacity. From late report of the
Viola Company we make the folio wing sat
isfactorv extract: During the thirteen
months ending July syst, the work Of
smelling and refining has resulted in a
profit OF csc 1850, IS, 3D., enabling the Di-
rectors to pay three quarterly dividends at
the rate of 20 per cent annun on the CAPT
tai Of the company, and since the closing
Of the financial year they have paid fourth
quarterly dividend at the rate of 80 per
cent per annum." The ores reduced by
the Viola Company are low grade in silver